230 S 6th Ave, Beech Grove, IN, 46107 | $557/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

230 S 6th Ave, Beech Grove, IN, 46107 | $557/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1358 sft

2315 Redfern Dr, Indianapolis, IN, 46227

3 Bed
2 Bath
1477 sft

53 Oakden Ct, New Whiteland, IN, 46184

4 Bed
3 Bath
2040 sft

1254 Kenwood Dr, Greenwood, IN, 46143

3 Bed
2 Bath
1713 sft

2212 Hanover Dr, Indianapolis, IN, 46227

Nearby investment properties with comparable prices

Investment Property+ 2 more

3 Bed
1 Bath
1172 sft

5380 Collett Dr E, Camby, IN, 46113

2 Bed
1 Bath
768 sft

150 E Carlisle St, Mooresville, IN, 46158

4 Bed
3 Bath
1963 sft

435 Southlane Dr, New Whiteland, IN, 46184

2 Bed
2 Bath
1143 sft

7164 Long Shore Cir, Indianapolis, IN, 46217

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Investment property for sale in Beech Grove at 230 S 6th Ave, Beech Grove, IN, 46107 listed at $194,900 pairs $1,727/mo rent with a $954/mo payment to leave $557/mo cash flow. Total monthly income runs $1,727/mo, and annual cash flow reaches $6,684/yr on $64,609 cash to close. Return on cash invested measures 30.25% in year one, and rental yield registers 10.63% at a $194,900 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,847 by year five. Five-year ROI tracks 158.06% and total cumulative return in cash totals $102,123. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,727/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1942

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Newly renovated 3-bed 2-bath bungalow at popular Beech Grove. High quality original woodwork is met with many updates. Tons of natural light with 2+ windows in major rooms. Freshly painted throughout the house. First floor has huge living/dining area, two large bedrooms, a full bath and kitchen. Second floor bolsters a beautiful master suite with its private bathroom. Unfinished but dry full basement has new plugs wired for gaming and family fun. Partially fenced backyard has two sheds for additional storage and a patio for outdoor activities. Mechanics and exterior relatively new (Electric and plumbing updated; water heater - 1 yr; AC/Furnace - 3 yr; 8 of 12 windows brand new; roof/siding - 7 yr; newly clean out ). Enjoy worry free living!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46107, Beech Grove, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,159 (100%)
Owner Occupied HU	3,514 (57.1%)
Renter Occupied HU	2,355 (38.2%)
Vacant Housing Units	290 ( 4.7%)
Median Home Value	$203,816
Average Home Value	$235,733